MOUNTAIN VIEW, Calif. - Mar. 20, 2012 - Symantec Corp.
(Nasdaq: SYMC) today announced it has signed a definitive agreement to acquire
Nukona, Inc., a
privately-held provider of mobile application management
(MAM). The acquisition extends Symantec's enterprise mobility
portfolio to include a cross-platform mobile
application protection solution to help IT organizations
protect and isolate corporate data and applications across
both corporate owned and personally owned devices. The
transaction is expected to close in April and is subject to
customary closing conditions. The financial terms of the
acquisition are not being disclosed.
The acquisition of Nukona complements Symantec's
acquisition earlier this month of Odyssey Software, a leading
provider of mobile device management (MDM). Odyssey
provides the MDM foundation to enroll and manage all
necessary device settings across a broad range of
platforms, while Nukona provides an innovative approach to
help enterprises seamlessly distribute, secure and control
applications and data without requiring them to manage the
devices. By offering both MDM and MAM across multiple
platforms, Symantec will enable CIOs to say "yes" to the
onslaught of digital natives - people born in a world of
connectivity - demanding to use devices and apps of their
choice. Symantec will help customers secure enterprise
critical mobile apps and data while managing and protecting
them with policies, including authenticating users,
encrypting sensitive files, preventing data leakage and
selectively wiping corporate data. These acquisitions
further advance Symantec's enterprise mobility leadership
by enhancing capabilities for mobile device, application
and data protection.
"As the adoption of mobile devices and apps continues to
grow at an unprecedented rate, one of the biggest
challenges for customers is to protect and manage the
native apps, data and environments of these devices," said
CJ Desai, senior vice president, Endpoint and Mobility
Group, Symantec. "The acquisition of Nukona helps us
further address the 'Consumerization of IT' and 'Bring Your
Own Device' trends by helping organizations protect and
isolate corporate data and applications across both
corporate owned and personally owned devices."
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With Nukona's ability to natively protect and control iOS,
Android and HTML5 apps, Symantec will address the core
problem of corporate and personal data separation without
limiting the end-user experience or application adoption.
By securely distributing and managing mobile applications
and content, Symantec customers will be able to address
corporate data security concerns around data leakage,
encryption and authentication on a per-application basis,
for both BYOD and corporate owned devices.
Unlike traditional proprietary sandbox solutions,
Symantec's approach will extend application protection that
"wraps" both native and web-based apps with a management
layer that allows IT to apply security policies without
requiring any changes to the applications, leaving personal
apps and activities untouched. In addition, the flexibility
of cloud-based and on-prem enterprise app stores helps
provide a seamless and scalable way to enable mobile
application deployments. Nukona's secure content library
also allows for the protection and synchronization of
documents without risk of data loss.
According to Symantec's recent State of Mobility Survey, the
average annual cost of mobile incidents for enterprises,
including data loss, damage to the brand, productivity loss
and loss of customer trust, was USD$429,000. However,
despite the risks, an uptick in mobile applications across
organizations is taking place with 71 percent of
enterprises at least discussing deploying custom mobile
applications and one-third currently implementing or having
already implemented custom mobile applications. In
addition, 59 percent of enterprises are making
line-of-business applications accessible from mobile
devices, representing a dramatic shift in the nature of
mobility from an email extension to a core business
enabler.
For more information, go to http://go.symantec.com/Nukona_Odyssey.
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About Symantec
Symantec is a global leader in providing security, storage
and systems management solutions to help consumers and
organizations secure and manage their information-driven
world. Our software and services protect against more risks
at more points, more completely and efficiently, enabling
confidence wherever information is used or stored. More
information is available at www.symantec.com.
Note to Editors: If you would like additional
information on Symantec Corporation and its products,
please visit the Symantec News Room at . All prices noted
are in U.S. dollars and are valid only in the United
States.
Symantec and the Symantec Logo are trademarks or
registered trademarks of Symantec Corporation or its
affiliates in the U.S. and other countries. Other names may
be trademarks of their respective owners.
Forward-looking Statements: This press release contains
forward-looking statements within the meaning of U.S.
federal securities laws, including expectations regarding
the closing of the acquisition of Nukona, Inc. and the
integration of its products and technologies into
Symantec's products and solutions, that involve known and
unknown risks and uncertainties that may cause actual
results to differ materially from those expressed or
implied in this press release. Such risk factors include,
among others, satisfaction of closing conditions to the
transaction, our ability to successfully integrate the
merged business and technology, and customer demand for the
technology and integrated product offerings. Actual results
may differ materially from those contained in the
forward-looking statements contained in this press release.
Additional information concerning these and other risk
factors is contained in the Risk Factors section of
Symantec's most recently filed Form 10-K. Symantec
assumes no obligation to update any forward-looking
statement contained in this press release. The contents of
the Symantec website shall not be deemed incorporated by
reference into this press release. Any forward-looking
indication of plans for products is preliminary and all
future release dates are tentative and are subject to
change. Any future release of the product or planned
modifications to product capability, functionality, or
feature are subject to ongoing evaluation by Symantec, and
may or may not be implemented and should not be considered
firm commitments by Symantec and should not be relied upon
in making purchasing decisions.
TECHNORATI TAGS: Symantec, security, management, mobile
security, mobile application protection, BYOD,
consumerization of IT, mobile management, smartphones,
tablets, mobile devices, smart devices
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